Why Intel Stock Is Sinking Today
Shares of Intel (NASDAQ: INTC) are falling on Tuesday. The stock lost 4.1% as of 12:20 p.m. ET, but was down as much as 6.2% earlier in the day. The drop comes as the S 500 (SNPINDEX: ^GSPC) slipped 0.8% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 1.4%.
Intel saw its shares fall in the midst of escalating trade tensions, as well as news that officials had no knowledge of a possible deal with Taiwan Semiconductor that had helped boost Intel's stock earlier in the month.
The chipmaker, which has struggled to keep pace with rivals in the all-important artificial intelligence (AI) market, has been at the center of several possible deals that could transform the company. Chief among these is a deal that would see Intel's manufacturing arm spun off into a separate entity overseen by the world's leading fabricator, Taiwan Semiconductor.
Source Fool.com
Intel Corp. Stock
Currently there is a rather negative sentiment for Intel Corp. with 14 Buy predictions and 19 Sell predictions..
This results in a negative potential of -27.65% based on a current price of 31.79 € and a target price of 23 € for the stock.
